Let's Give Opportunism the Proper Back Seat

Academy of Management Review, Forthcoming

8 Pages Posted: 3 Feb 2016

See all articles by Fabrice Lumineau

Fabrice Lumineau

Purdue University

Alain Verbeke

University of Calgary - Haskayne School of Business

Date Written: February 2, 2016

Abstract

Nicolai Foss and Libby Weber (2016) propose to augment the micro-foundations of transaction cost economics (TCE) through enriching the bounded rationality concept. They argue that psychological frames and biases, when linked to different hierarchical forms, may give rise to differential, costly conflicts. In their view, such conflicts are entirely rooted in bounded rationality, as opposed to opportunism. In this contribution to the Academy of Management Review Dialogue Section, we raise three issues, which somewhat challenge Foss and Weber’s perspective on how to extend TCE, and we suggest an alternative path forward, thereby indeed giving opportunism ‘the proper back seat.’

Suggested Citation

Lumineau, Fabrice and Verbeke, Alain, Let's Give Opportunism the Proper Back Seat (February 2, 2016). Academy of Management Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2726710

Fabrice Lumineau (Contact Author)

Purdue University ( email )

610 Purdue Mall
West Lafayette, IN 47906
United States

Alain Verbeke

University of Calgary - Haskayne School of Business ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

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